Business & Money | Monday 10 August, 2015 2:07 am

KSA may increase focus on nonoil revenue generation

 Pressure on Saudi Arabia’s state finances is mounting as oil prices fall but the latest official figures suggest the world’s top crude exporter still has at least several years before it faces a budget crunch. Brent oil sank last week below $50 a barrel, near six-year lows,...

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Business & Money | Monday 10 August, 2015 2:05 am

GACA likely to hire sacked Saudis

After the General Authority for Civil Aviation (GACA) canceled its contract with the Miza company, which had been running executive offices throughout the Kingdom’s airports, an informed source revealed to local media that the authority is likely to call back 150 employees who were laid...

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Business & Money | Sunday 9 August, 2015 11:59 am

Kuwait Finance House takes part in the 15th Industrialists’ Conference as Diamond Sponsor

The Gulf Organization for Industrial Consulting (GOIC) announced that Kuwait Finance House (Baytak) has joined the sponsors of the 15th Industrialists’ Conference “Foreign Direct Investment in GCC and its impact on industry” as Diamond Sponsor of this key event hosted by the State ...

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Business & Money | Sunday 9 August, 2015 11:50 am

Pride and Frustration in Gulf Banks

Staff in Gulf banks are both proud of, and frustrated by, their work, according to Hay Group. Research conducted in the region by the global management consulting firm shows that banking staff are proud of their work in what they see as a prestigious industry but also feel stifled by their...

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Business & Money | Sunday 9 August, 2015 7:41 am

Deloitte’s D2international Fellowship and Leaders of Tomorrow host a pioneering social innovation challenge in Amman

  Leaders of Tomorrow and the D2international social impact fellowship organized the first Social Innovation Challenge of its kind in the Middle East, which was hosted in Amman, Jordan. The Challenge convened 30 Jordanian youth to develop creative, community-based...

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Business & Money | Sunday 9 August, 2015 7:34 am

General Cable Reports Second Quarter 2015 Results

General Cable Corporation (NYSE: BGC) reported today results for the second quarter ended July 3, 2015. For the quarter, the Company generated adjusted earnings per share from continuing operations of $0.36 and adjusted operating income from continuing operations of $55 million. Reported...

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Business & Money | Saturday 8 August, 2015 3:58 am

National Center for Social Research HQ inaugurated

Social Affairs Minister Majid Al-Qassabi recently inaugurated the new headquarters of the National Center for Social Research in the Rawdah district in the Saudi capital.  Al-Qassabi, also the chairman of the center’s board of directors, thanked Custodian of the Two Holy Mosques King...

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Business & Money | Saturday 8 August, 2015 1:24 am

ZTE and U Mobile Announce Partnership on 5G Mobile Network Research in Malaysia

ZTE Corporation (0763.HK / 000063.SZ), a major international provider of telecommunications, enterprise and consumer technology solutions for the Mobile Internet, today signed a Memorandum of Understanding (MOU) with U Mobile Sdn Bhd on the development of Pre5G mobile broadband technologies,...

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Business & Money | Thursday 6 August, 2015 11:38 am

MAXON Announces Cinema 4D Release 17

MAXON today announced Cinema 4D Release 17 (R17), a milestone release of its cornerstone 3D animation, graphics, VFX, visualization, and rendering software. Cinema 4D R17 delivers new, expanded and completely reworked features for exceptional performance allowing creatives to more easily...

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Business & Money | Thursday 6 August, 2015 11:29 am

CR2 Welcomes Tammo van Leeuwen as Market Strategy Director

CR2 is pleased to announce the appointment of Mr. Tammo van Leeuwen as Market Strategy Director. In this position and as a member of the Executive Committee, Tammo will be overseeing CR2's Marketing, Product Management & Thought Leadership activities. Tammo will primarily...

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